Question

In: Statistics and Probability

year quarter period EMPLOYED INDIVIDUALS (2016-2019) 1 1 1 4169189.0 1 2 2 4262978.0 1 3...

year

quarter

period

EMPLOYED INDIVIDUALS (2016-2019)

1

1

1

4169189.0

1

2

2

4262978.0

1

3

3

4306669.0

1

4

4

4310845.0

2

1

5

4338992.0

2

2

6

4387124.0

2

3

7

4372602.0

2

4

8

4431912.0

3

1

9

4495638.0

3

2

10

4520797.0

3

3

11

4558422.0

3

4

12

4582166.0

4

1

13

4648638.0

4

2

14

4657061.0

4

3

15

4631183.0

4

4

16

4715879.0

        Number of       people

With these time series:

Present a line graph for the time series. Describe the time series in terms of the observable components (trend and seasonality).

Solutions

Expert Solution

In the above graph please note that

Period 1 to Period 4 - Year 2016

Period 5 to Period 8 - Year 2017

Period 9 to Period 12 - Year 2018

Period 13 to Period 16 - Year 2019

From the trendline, it is evident that over the 16 periods(4 years) the number of employed individuals increased. This shows a positive trend line.

Regarding the seasonality, we can clearly observe that in every year Quarter 3 shows a decline in the employed individuals compared to Quarter 2.


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